Maxim Group Issues Positive Outlook for ITRN Earnings

Ituran Location and Control Ltd. (NASDAQ:ITRN) – Equities researchers at Maxim Group raised their Q3 2026 earnings per share (EPS) estimates for Ituran Location and Control in a report issued on Thursday, August 13th. Maxim Group analyst A. Klee now forecasts that the industrial products company will post earnings of $0.91 per share for the quarter, up from their prior forecast of $0.88. The consensus estimate for Ituran Location and Control’s current full-year earnings is $3.50 per share. Maxim Group also issued estimates for Ituran Location and Control’s FY2026 earnings at $3.54 EPS, Q2 2027 earnings at $0.98 EPS, Q3 2027 earnings at $1.01 EPS and Q4 2027 earnings at $1.04 EPS.

Ituran Location and Control (NASDAQ:ITRN) last posted its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $104.79 million during the quarter, compared to the consensus estimate of $99.84 million. Ituran Location and Control had a return on equity of 29.25% and a net margin of 16.28%.

ITRN has been the subject of a number of other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ituran Location and Control in a research report on Wednesday. Zacks Research raised shares of Ituran Location and Control to a “hold” rating in a research note on Thursday, May 28th. UBS Group reiterated a “buy” rating on shares of Ituran Location and Control in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.67.

Ituran Location and Control Stock Down 0.7%

Shares of ITRN opened at $53.69 on Friday. Ituran Location and Control has a 52-week low of $32.71 and a 52-week high of $68.30. The firm’s fifty day moving average is $58.50 and its two-hundred day moving average is $54.80. The stock has a market cap of $1.07 billion, a PE ratio of 16.57 and a beta of 0.79.

Hedge Funds Weigh In On Ituran Location and Control

A number of hedge funds have recently modified their holdings of ITRN. GW&K Investment Management LLC raised its holdings in shares of Ituran Location and Control by 909.3% in the 4th quarter. GW&K Investment Management LLC now owns 539,817 shares of the industrial products company’s stock valued at $23,218,000 after buying an additional 486,331 shares during the period. Nuveen LLC lifted its holdings in Ituran Location and Control by 721.6% during the 4th quarter. Nuveen LLC now owns 104,190 shares of the industrial products company’s stock worth $4,481,000 after buying an additional 91,509 shares in the last quarter. Strategic Global Advisors LLC boosted its position in Ituran Location and Control by 106.4% in the 4th quarter. Strategic Global Advisors LLC now owns 132,325 shares of the industrial products company’s stock valued at $5,691,000 after buying an additional 68,222 shares during the period. Man Group plc grew its stake in shares of Ituran Location and Control by 90.8% in the second quarter. Man Group plc now owns 137,657 shares of the industrial products company’s stock worth $5,331,000 after acquiring an additional 65,502 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Ituran Location and Control by 71.1% during the fourth quarter. Millennium Management LLC now owns 125,478 shares of the industrial products company’s stock worth $5,397,000 after acquiring an additional 52,150 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Ituran Location and Control’s payout ratio is currently 66.01%.

About Ituran Location and Control

Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.

Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.